Vectura Group plc to Shutter Site in Germany
Vectura Group plc Release: Gemünden – Planned Closure
Chippenham, UK – 14 April 2015: Vectura Group plc (LSE: VEC; “Vectura” or “the Company”), announces its intention to close its site in Gemünden, Germany, effective by March 2016.
The Gemünden site was acquired by Vectura as part of the acquisition of Activaero GmbH in March 2014 and is currently involved in the production of the Company’s nebuliser devices, supporting clinical trials and marketing of the devices. In order to improve manufacturing efficiencies, all activities currently carried out in Gemünden will be transferred to Vectura’s facilities in Gauting, Germany, Chippenham UK and Cambridge UK, and to a contract manufacturing organisation for any commercial production. As a result, the Company will close the site by March 2016.
Dr Chris Blackwell, Chief Executive of Vectura, commented: “The decision to close our Gemünden site was a strategic and necessary one. It will rationalise our business operations and deliver more cost-effective production of our nebulisers. We retain the capabilities and capacity at our three remaining sites to support all our business operations. I would like to thank all the employees at Gemünden for their hard work and assure them of our continuing support as we prepare for the closure of the site in early 2016.”
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Enquiries
Vectura Group plc
+44 (0)1249 667700
Chris Blackwell, Chief Executive
Karl Keegan, Chief Corporate Development Officer
About Vectura
Vectura is a product development company that focuses on the development of pharmaceutical therapies for the treatment of airways-related diseases (airways diseases). This growing market includes asthma and chronic obstructive pulmonary disease (COPD) and is estimated to be worth in excess of $46 billion worldwide.1
Vectura now has eight products marketed by partners with growing global royalty streams and a portfolio of drugs in clinical development, a number of which have been licensed to major pharmaceutical companies. Vectura currently has disclosed development collaborations and license agreements with several global pharmaceutical and biotechnology companies, including Novartis, Sandoz, Baxter, GlaxoSmithKline, UCB, Ablynx, Grifols, Janssen Biotech and Tianjin KingYork Group Company.
Vectura develops products for airways diseases and owns formulation and inhalation technologies that are available to other pharmaceutical companies on an out-licensing basis where this complements Vectura's business strategy.
For further information, please visit Vectura's website at www.vectura.com.
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Chippenham, UK – 14 April 2015: Vectura Group plc (LSE: VEC; “Vectura” or “the Company”), announces its intention to close its site in Gemünden, Germany, effective by March 2016.
The Gemünden site was acquired by Vectura as part of the acquisition of Activaero GmbH in March 2014 and is currently involved in the production of the Company’s nebuliser devices, supporting clinical trials and marketing of the devices. In order to improve manufacturing efficiencies, all activities currently carried out in Gemünden will be transferred to Vectura’s facilities in Gauting, Germany, Chippenham UK and Cambridge UK, and to a contract manufacturing organisation for any commercial production. As a result, the Company will close the site by March 2016.
Dr Chris Blackwell, Chief Executive of Vectura, commented: “The decision to close our Gemünden site was a strategic and necessary one. It will rationalise our business operations and deliver more cost-effective production of our nebulisers. We retain the capabilities and capacity at our three remaining sites to support all our business operations. I would like to thank all the employees at Gemünden for their hard work and assure them of our continuing support as we prepare for the closure of the site in early 2016.”
-Ends-
Enquiries
Vectura Group plc
+44 (0)1249 667700
Chris Blackwell, Chief Executive
Karl Keegan, Chief Corporate Development Officer
About Vectura
Vectura is a product development company that focuses on the development of pharmaceutical therapies for the treatment of airways-related diseases (airways diseases). This growing market includes asthma and chronic obstructive pulmonary disease (COPD) and is estimated to be worth in excess of $46 billion worldwide.1
Vectura now has eight products marketed by partners with growing global royalty streams and a portfolio of drugs in clinical development, a number of which have been licensed to major pharmaceutical companies. Vectura currently has disclosed development collaborations and license agreements with several global pharmaceutical and biotechnology companies, including Novartis, Sandoz, Baxter, GlaxoSmithKline, UCB, Ablynx, Grifols, Janssen Biotech and Tianjin KingYork Group Company.
Vectura develops products for airways diseases and owns formulation and inhalation technologies that are available to other pharmaceutical companies on an out-licensing basis where this complements Vectura's business strategy.
For further information, please visit Vectura's website at www.vectura.com.
Help employers find you! Check out all the jobs and post your resume.